The trade to catch that HUGE last minute pop yesterday (>100 NQ points) was pickable ~ 10 minutes before the close. The short from NQ 6770 this morning was pickable too.
Hope all you students are getting your money's worth.
You've just highlighted an important lesson... diligence. Easy to "not pay close enough attention" or to be distracted and regret it. Been guilty of the same more times than I care to admit.
Speaking of "diligence and paying attention".... I recall a few years ago when I missed a significant bottom. The markets were "apparently just bopping/chewing around" when I got a call from my dentist about an opening in their schedule and asked if I would like to take the spot for my routine cleaning. Seeing that the market "wasn't doing much", I said "OK". Dentist is about 5 minutes from my house... and I was back within about 90 minutes. In the mean time, the market made a bottom and the ES bounced ~ 100 points. Can't tell you how much that "lack of discipline about tending to the market" pissed me off! DAMNED expensive cleaning!
You've just highlighted an important lesson... diligence. Easy to "not pay close enough attention" or to be distracted and regret it. Been guilty of the same more times than I care to admit.
Speaking of "diligence and paying attention".... I recall a few years ago when I missed a significant bottom. The markets were "apparently just bopping/chewing around" when I got a call from my dentist about an opening in their schedule and asked if I would like to take the spot for my routine cleaning. Seeing that the market "wasn't doing much", I said "OK". Dentist is about 5 minutes from my house... and I was back within about 90 minutes. In the mean time, the market made a bottom and the ES bounced ~ 100 points. Can't tell you how much that "lack of discipline about tending to the market" pissed me off! DAMNED expensive cleaning!
So true, it is always this way. The market looks always to discipline us - this morning, after seven years of training, victories, and pains, and our current very tense situation, still - I was still able to start the calls at 11.15am because the market was "sleeping'. Well, sure enough in this 15 minutes it moves down 20 points! thank You, market!You've just highlighted an important lesson... diligence. Easy to "not pay close enough attention" or to be distracted and regret it. Been guilty of the same more times than I care to admit.
Speaking of "diligence and paying attention".... I recall a few years ago when I missed a significant bottom. The markets were "apparently just bopping/chewing around" when I got a call from my dentist about an opening in their schedule and asked if I would like to take the spot for my routine cleaning. Seeing that the market "wasn't doing much", I said "OK". Dentist is about 5 minutes from my house... and I was back within about 90 minutes. In the mean time, the market made a bottom and the ES bounced ~ 100 points. Can't tell you how much that "lack of discipline about tending to the market" pissed me off! DAMNED expensive cleaning!
